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The Bakken Shale has put North Dakota in an enviable position, flush with oil, jobs and tax...

The Bakken Shale has put North Dakota in an enviable position, flush with oil, jobs and tax revenue. But some state officials fret about an inevitable slowdown and ponder a challenge: How much do you build when an oil boom someday may go bust? As companies drill farther afield, the wells aren't producing as much, which could suggest a slowdown in oil drilling sooner than later.
Comments (1)
  • Uncle Pie
    , contributor
    Comments (2675) | Send Message
     
    Shale oil wells are said to have a very steep decline curve...producing something like 75% of all the oil they will ever produce in the first two years.
    This writer prefers to invest in Canada's oil sands companies; the mines are enormously expensive to build, but once up and running can produce oil for decades with NO production decline and NO exploration risk.
    24 Dec 2012, 04:01 PM Reply Like
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